Fuel price surge costs Greek consumers over €400M amid Iran tensions

Greek consumers paid more than €400 million extra for fuel in March and April following price hikes linked to the Iran conflict, as global oil prices climbed above $110 per barrel.

Higher pump prices for gasoline, diesel and heating oil drove the increase, with gasoline rising from €1.75 to €2.06 per liter and diesel from €1.56 to €1.88.

At the same time, state revenues from fuel taxes rose by over €90 million during the two months, nearly matching public spending on diesel subsidies.

In March alone, consumers paid an estimated €170–185 million more for fuel, while April added a further €250–260 million as consumption increased. Heating oil demand also jumped as households stocked up ahead of expected further price rises.

The surge comes as a fragile Middle East ceasefire remains uncertain, raising concerns over continued pressure on energy costs and household budgets.